The difference between simple interest and compound interest on a Rs 1500 for 2 years at 10% per annum
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Step-by-step explanation:
Principal =Rs.1500
Rate=10%
Time=2years
Formula:
A=P(1+R/100)^t
A=1500(1+10/100)^2
after solving:
A=1500(11/10)^2
A=1500×121/100
Amount=Rs.1815
*CI=A-P
=1815-1500
=Rs.315
*SI=PRT/100
=1500×10×2/100
SI=Rs.300
Difference between CI and SI= CI-SI
=315-300
=Rs.15
*Hope this helps!*
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